Cryptopia to delist FazzCoin and PosWallet

Cryptopia exchange is delisting PosWallet and FazzCoin on April 29 due to swap to new coins
15 April 2018   732

PosWallet is transitioning from POSW to a new XSN coin to implement new features like TPoS and Masternode while FazzCoin are moving to ERC-20 token because at the moment there are no miners on their network. Due to these changes, Cryptopia exchange is delisting both coins effective on April 29. As before, in case of PosWallet users are strongly advised to withdraw their funds before April 29 in order to ensure the safety and accessibility of the funds after the removal. The POSW network will stop being supported on May 1 and no issues are expected to happen.

As for FazzCoin, things are looking grim: because the network is not being mined, FAZZ lost its functionality. That means the chances of being able to withdraw the funds to users' personal wallets is quite low. The developers team was contacted and informed of the delisting. Unfortunately, Cryptopia was now informed of the swap, so users are advised to monitor any possible news source about the status of FAZZ coin. That way users will not miss out on the swap if it goes ahead. All complaints regarding the issues with withdrawal should be directed towards the coin developers team.

At the moment of publication, PosWallet market parameters are as follows

  • Average price: $0.360340
  • Market cap: $15,890,994
  • Volume (24H): $9,406

As for FazzCoin, its market indicators are as follows:

  • Average price: $0.005357
  • Volume (24H): $16

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   195

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.